Hodge Equity Release (Jan 2022)
Hodge Lifetime Mortgage Review
Are You Considering Hodge Equity Release? What are the Pros & Cons? What are the Costs? Discover If Hodge Lifetime Mortgage Schemes are for You.
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Hodge Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Hodge equity release the best?
Choosing the best equity release brand can be challenging! If you want to join the over 10,000 UK citizens who’ve unlocked equity this year, you’ll want to listen to this advice.
With so many brilliant options on the market, you could end up selecting the wrong equity release lender, only to regret it later.
Don’t worry; we’ve got your back. We’re here to share detailed information about the best equity release brands on the market, to help you make a sound decision.
On this page, we’ll be covering:
We’ve spent endless hours gathering the latest brand information with multiple expert consultations and a detailed review of over 350 brands in the industry.
Let’s take a look!
What Is Equity Release?
Equity release is an umbrella term for a later-life mortgage that allows you to unlock equity from your property while remaining in your home. While there are plans with an optional loan or interest repayments, both are only due when you pass away or move to a long-term care facility. The amount is usually covered from the sale of the home.
How Does Equity Release Work
If you (and your spouse) are 55 or older, you might qualify for an equity release loan. The age of the youngest homeowner will be considered. Furthermore, some schemes require you to be 60 or 65.
You might qualify for equity release if you own a home in the UK that is valued at £70,000 or more.
Discover More: What’s Equity Release & How Does It Work?
Equity Release Types
There are two equity release options available to you.
- Lifetime mortgage: is a mortgage secured on your property (provided it’s your main residence), while retaining ownership.
- Home reversion: is where you sell part or all of your home to a home reversion provider in return for a lump sum or regular payments. You have the right to continue living in the property until you die, but you have to agree to maintain and insure it.
The Most Popular Equity Release Uses
- Gaining access to tax-free cash to supplement retirement income.
- Paying off a mortgage, debts, or loans.
- Giving money to family members and children who might need an income boost.
- Taking a dream trip.
- Buying the car of one’s dreams.
- Renovating one’s home or garden, which also should increase the property value.
We’ve got the scoop: 10 Equity Release Uses to Inspire You
What You MUST Know About the Providers We Compare
- They’ve helped more than 1 million people decide whom to turn to when releasing equity from their homes.
- They’ve been responsible for organising 1 in 3 plans that the Equity Release Council
Are You READY to Find Out?
Are You Looking for the Hodge Equity Release Calculator?
Before you consider using the Hodge equity release calculator, we want you to know that we'll probably be able to find you a better rate and that means a great saving!
How Much Can You Release?
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Why Should I Get a Free Equity Release Quote?
What You MUST Know About the Providers We Compare
Who Are Hodge?
Hodge Lifetime is the UK’s oldest equity release provider, having created the first equity release programme1 in 1965. Julian Hodge Bank Limited provides its services.
Hodge strives to do the right thing in all aspects of their business, and it informs their decisions. Since 1965, equity release companies have specialised in the retirement market. Since then, they’ve built up a wealth of knowledge and a good reputation for caring about their customers while being on the cutting edge of innovation in their core retirement lending sectors. It indicates you can rely on Hodge to do the right thing.
They also do the right thing in terms of social responsibility. The Hodge Foundation, a charitable organisation that supports humanitarian, medical, intellectual, and educational endeavours, owns 79 percent of the company. It motivates the organisation because they know that by assisting clients in achieving their objectives, they are also assisting good causes that are important to them.
The retirement financing and income markets are the emphases of Hodge Lifetime’s strategy. These items are well-suited to one another, and they have extensive expertise in these domains. It is the firm’s goal to provide the most competitive annuity rates available. They also have one of the most diverse portfolios of retirement financing solutions, ensuring that they can meet practically every demand.
Common Questions About Hodge & Lifetime Mortgages
Not What You’re Looking For?
Take a look at our comprehensive list of equity release companies available on the market to see if there’s something better suited to your needs.
Editorial Note: This content has been independently collected by the EveryInvestor advisor team and is offered on a non-advised basis. EveryInvestor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Learn more about our editorial guidelines.
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